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<p>[QUOTE=&quot;GDJMSP, post: 363047, member: 112&quot;]It&#039;s a hard concept to explain. The problem with price guides is that people expect the guides to tell them what a coin is worth. But that&#039;s not what price guides are for. Price guides, even realized auction prices, are used to set a base line so that you may judge the value of a given coin. But to be able to do that you have to know your coins. You have to know that for a given date and mint that a given coin is easy to find, difficult to find or almost impossible to find in a given grade. And you also have to be able to judge if the coin actually is that grade. That&#039;s what I mean by know your coins.</p><p><br /></p><p>Then and only then, by using the price guide or realized prices as a baseline can you attempt to set a value on that given coin. And that value may be above or below that baseline, sometimes significantly above or below it.</p><p><br /></p><p>But that is a hard concept for people to understand and most of them don&#039;t like it. They want to be able to look up a value for a given coin and go out and buy it at that value. But it doesn&#039;t work that way, never has and never will. As has been said, each coin is unique and must be judged on its own qualities.</p><p><br /></p><p>Now the reason I tell people to ignore the price guides like PCGS and Coin Values is because they do not list averages. They list the single highest price for a given coin that they can find. The author of Coin Values has admitted it, flat out, on numerous occasions in his own column. PCGS will never admit it, but if you ever care to actually do the checking yourself you can confirm it yourself. I have, but it&#039;s been some time since I did it last. That is what screws the values all up. Yes, there are exceptions, sometimes and for some coins in some grades those guides may actually be close. But overall they are not. They are way to high for average coins.[/QUOTE]</p><p><br /></p>

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